VANDA Insights' Hari on Oil Demand and Outlook

The video discusses the impact of sanctions on Russian oil, focusing on the US ban and the EU's phased-in embargo. It highlights the challenges Russia faces in redirecting oil to Asia, particularly India and China. The EU's extraterritorial sanctions complicate global trade, affecting shipping and insurance. OPEC's production challenges are also covered, with the organization struggling to meet its targets amid rising oil prices. The market is gripped by supply fears, with Brent crude prices soaring. The future outlook hinges on the ongoing conflict in Ukraine and its impact on global oil supply security.

What is one of the main challenges for Russian oil in reaching global markets?

• High production costs

• Competition from Middle Eastern oil

• Sanctions from Western countries

• Lack of demand in Asia

Which countries in Asia are primarily considered as potential markets for Russian oil?

• Japan and South Korea

• Malaysia and Indonesia

• India and China

• Thailand and Vietnam

What has been OPEC Plus's approach to production targets despite rising crude prices?

• No change in production

• Decreasing production

• Maintaining a moderate increase

• Significant increase in production

What is a major factor currently influencing the global oil market?

• Supply fears due to geopolitical tensions

• Increased production by OPEC

• Technological advancements in oil extraction

• Decreased demand in Europe

What is the market's current expectation regarding the conflict in Ukraine?

• No impact on oil supply

• A prolonged conflict

• A quick resolution

• Increased cooperation between Russia and the West